For 2 months now, EurUsd is trading in an already familiar range between 1.1750 and 1.1900 (if you don't count the 2 spikes above resistance) and, as I said before, 1.2 is a medium-term top in my opinion.
Rallies towards 1.19 should be sold and a good entry for this range trading can have a 1:2.5 R:R
In one of my previous analysis, I ve spoken about the sloping flag that can mean a top in EurUsd's medium-term evolution.
Yesterday EurUsd dropped and today reached my 1.1750 target for my short trade.
The medium-term donw trend looks like is taking shape with "tree black crows" with today's candle.
I will look to sell rallies again and a break under 1.1750 would...
FX:EURUSD If The Euro breaks resistance, which it is at right meow, look for the pull back to test it as support. At the test would be the best time to go long. The target I would aim for would be the open of the last bull candle of the most recent high (notated by the dotted lines)
Price on the 4H is in a very versatile area between two key levels!
We are looking for buys until structure says that the structure isn’t to the upside anymore.
Looking for 3 entry possibilities:
-Buy at the double bottom
-Buy at the break and retest of the HH
-Sell at the break and retest of the HL
Let me know if there are any pairs/stocks you would like me to analyze👍🏽
Price broke the previous LH and made a new high. Now price has came smashing back down into that key level for a retest. If this 4H candle can close bullish then price should push up strongly. Look to target the higher high as your first TP as price could go there and make a double top for a big drop if there are not enough bulls in the market. Id recommend having...
EU has violated the downtrend structure breaking the previous major lower high. Price is in the push phase tho so to be careful we must wait for price to exhaust and pullback for a safe entry on the 4H timeframe. My main entry I will be looking for is a retest of the LH lEU has violated the downtrend structure breaking the previous major lower high. Price is in...
The counter is maintaining its positive bias by holding the support of the ascending channel.
As the preceding move also steep, the price needs a bullish correction at the least.
Hence, we expect the pair to be bullish for the next few sessions.
After running 100pips in our direction since my last publication (see link below for reference purposes); the journey of the Bulls which began in February 2020 appears to be stalling following the inability of price to go beyond 1.20000 as a reversal structure appears at this juncture in the market. Attempts to break the 1.2000 level during the course of last week...
Yesterday I said that my bias on EurUsd changed to bearish and spoke about a potential target of 1.18.
This target was reached just now and considering the strong support under 1.18 I expect a rebound. O the other hand the old 1.18-50-1.1860 resistance should be well defended by bears and here is where I will look for selling opportunities.
A potential target can...
The break above resistance proves to be a false break and after a spike above 1.2 figure, EurUsd dropped hard just to find support in 1.19.
This can be the beginning of a short term correction (I consider long term trend for EurUsd strongly bullish) and in my opinion, rallies should be sold.
1.2 zone can act as resistance and a potential target for the next few...
From the daily timeframe, we were able to count a clear 5 wave structure for this pair, where the 5th wave was an ending diagonal consisting of 5 overlapping sub-waves.
A bearish confirmation signal appears at the end of this tunnel, which is the shooting star on the daily time frame.
There may be a retracement to 50% Fibonacci level of the daily candlestick...
Following a whole lot of noise, the Euro rallied significantly during the course of the week, slicing into the 1.19000 Key level. It is a market that is grinding higher and appears not to be having stalling signs with the emerging set-up. With over 140pips profit in our direction since my last publication (see link below for reference purposes); As price respected...
Price made a lower high but didn't make a lower low so now price is testing that LH. Look to sell at this level for a a double top and expect a huge drop. If not and price breaks it wait for the retest for the buy.
If you want my analysis on anything feel free to dm me!
Goodluck this week!
Price broke a level on the 15 min very strongly and has made its way back up to that level for a retest. If you look at the 5 min price has made a double top at this level. I am currently in that sell position. If this is correct that is also a lower high on the 1H.
The triangle preceded the 5th Wave. After the end of the wave 5 , then we saw a rapid correction in the opposite direction .
Next week we expect more downside, after correction in to the potential reversal region marked on the chart
